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MidGEFF Morocco - SGMB

Sector: Solar • Location: Morocco

Source: European Bank for Reconstruction and Development (EBRD)

Project
Signed

Provision of a senior unsecured loan to Societe Generale Marocaine de Banques ("SGMB"), of up to EUR 30 million as part of a EUR 55m "GEFF +" Package (including also a EUR 25 million GEFF III loan). Up to EUR 2.4 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for

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The project “MidGEFF Morocco - SGMB” is an infrastructure initiative in the Solar sector, located in Morocco. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Description

Description

Provision of a senior unsecured loan to Societe Generale Marocaine de Banques ("SGMB"), of up to EUR 30 million as part of a EUR 55m "GEFF +" Package (including also a EUR 25 million GEFF III loan). Up to EUR 2.4 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Unionias part of the Morocco Decarbonisation and Climate Resilience ("MDCR").The proceeds of the loan will be used by SGMB for on-lending to private companies to finance their climate change mitigation and adaptation investments.

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Source

Source reliability

High

Data quality score

100%

Source

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